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Phihong Technology Co Ltd (2457) Fair Value & Analysis

Industrials · TW · Market cap 10.2B TWD

PT Phihong Technology Co Ltd 2457 · TW
Price23.55 TWD
Fair Value3.16 TWD
Upside-86.6%
Quality37/100
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Weak Growth
Loss-making · -6.6% net margin
Low debt · negative free cash flow
Trails peers (2/10)
Narrow moat 11/100
Evidence: Low Range 2.89 TWD – 3.58 TWD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from 3.40 TWD to 3.16 TWD (−7.1%) since Jul 21, 2026. Share price −12.5% over the past month.

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3.58 TWD). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

83.85 TWD 17.32 TWD Fair Value 3.16 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 17.32 TWD – 83.85 TWD · fair‑value band 2.89 TWD – 3.58 TWD · the 23.55 TWD price screens above the 3.16 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Phihong Technology Co Ltd (2457) currently trades at 23.55 TWD, while our model-based Fair Value estimate is 3.16 TWD, implying the stock looks roughly 86.6% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Phihong Technology Co Ltd generated revenue of 9.6B TWD at a net margin of -6.6%. Revenue declined 7.2% year over year. It earns a return on equity of -6.7%. The balance sheet holds a net cash position of 2.4B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 2.89 TWD (bear case) to 3.58 TWD (bull case); at 23.55 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -87%, 2457 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM 2.88 TWD 3.15 TWD 3.56 TWD 70
DDM Multi-Stage 2.88 TWD 3.61 TWD 4.64 TWD 61
NCAV (Graham) 10.56 TWD 14.15 TWD 21.12 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 2.88 TWD 3.15 TWD 3.56 TWD 70
DDM Multi-Stage 2.88 TWD 3.61 TWD 4.64 TWD 61
Asset-Based
NCAV (Graham) 10.56 TWD 14.15 TWD 21.12 TWD 50

Widest divergence: Asset-Based (14.15 TWD) versus Dividend Discount (3.15 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 9.6B TWD
Revenue growth (YoY) -7.2%
Net margin -6.6%
Return on equity -6.7%
Free cash flow −530M TWD FY2025
Operating margin -6.5%
More key figures
EPS (TTM) -1.49 TWD
EPS growth (YoY) -46.7%
Net cash 2.4B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 39 · Market factors (momentum, volatility) 36

Profitability 15
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Phihong Technology Co., Ltd. operates as a power supply company in Taiwan. The company offers adapters, such as desktop adapter, fixed plug wall adapter, and interchangeable plug wall adapter; power-over-ethernet solutions, including PoE injector and splitter, media converter, and PoE to USB C; and medical open frame and medical adapter.

Full company description

Phihong Technology Co., Ltd. operates as a power supply company in Taiwan. The company offers adapters, such as desktop adapter, fixed plug wall adapter, and interchangeable plug wall adapter; power-over-ethernet solutions, including PoE injector and splitter, media converter, and PoE to USB C; and medical open frame and medical adapter. It also provides battery charger solutions; open frame and internal PSU; and EV chargers. The company was formerly known as Phihong Enterprise Co., Ltd. and changed its name to Phihong Technology Co., Ltd. in June 2003. Phihong Technology Co., Ltd. was founded in 1972 and is based in Taoyuan City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Phihong Technology Co Ltd reported revenue of 9.8B TWD in FY2025 versus 12.3B TWD in FY2021, a compound −5.5%/yr. Reported net income was −635M TWD in FY2025.

Growth Quality 8/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.8B TWD
Latest YoY
−10.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−11.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.2%
Avg. growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.1%
Revenue −5.5%/yr
FY21 12.3B TWD
FY22 14.0B TWD
FY23 12.3B TWD
FY24 10.9B TWD
FY25 9.8B TWD
Net income
FY21 −313M TWD
FY22 71.3M TWD
FY23 263M TWD
FY24 206M TWD
FY25 −635M TWD

2457 screens 87% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Phihong Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2457

Peer Group

Electrical Equipment & Parts · 527 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 37 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 99 · sector 97
DIVIDEND 21 · sector 23

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
Delta Electronics (Thailand) Public Company DELTA 269.00 THB 40.28 THB -85%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
HD Hyundai Electric Co 267260 782,000 KRW 371,133 KRW -53%
LS ELECTRIC Co 010120 208,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Hitachi Energy India Limited POWERINDIA ₹35,800 ₹6,106 -83%
Polycab India Limited POLYCAB ₹9,289 ₹3,218 -65%

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Frequently asked questions

Is Phihong Technology Co Ltd (2457) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 3.16 TWD versus a price of 23.55 TWD, about −87% (overvalued).
What is the fair value of 2457?
Our model-based fair value for Phihong Technology Co Ltd is 3.16 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 23.55 TWD.
What is the quality score of 2457?
Phihong Technology Co Ltd has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Phihong Technology Co Ltd (2457)?
Phihong Technology Co Ltd reported trailing-twelve-month revenue of about 9.6B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2457?
The net profit margin of Phihong Technology Co Ltd is about -6.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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